City Of Chicago: 31 Small Businesses Awarded $14.4 Million In Grant Funding

Chicago IL

21 January, 2022

11:54 AM

Description

Press release from : January 20, 2022 Mayor Lori E. Lightfoot today announced, a South Chicago record store, an Austin supermarket and a Greater Grand Crossing museum are among 31 finalists for more than $14.4 million in small business grants being allocated through the Chicago Recovery Plan.  "Over the years, the City's grant programs have given Chicago's homegrown entrepreneurs and businesses the resources they need to thrive and serve their communities," Mayor Lori E. Lightfoot said. "I am proud to continue this work into 2022 with the announcement of a new cohort of grant finalists, who will undoubtedly bring meaningful, long-lasting change to the neighborhoods they reside and work in. My team and I want to extend a hearty congratulations to each of the finalists and look forward to seeing how they use their grants to grow and enhance their businesses."  Preliminary grant amounts range from $24,090 to $2.5 million and will be used to finance workplace improvements involving interior buildouts, exterior renovations, energy efficiency enhancements, and other upgrades valued at more than $22.3 million in total costs.  The projects were selected from more than 180 proposals submitted during an open application period last year. Finalists were determined by a City of Chicago evaluation committee based on project readiness, viability, location, applicant experience, neighborhood needs, and other factors. Fourteen of the projects are food-related, 10 provide community or personal services, three are retail-oriented, three have mixed uses, and one is a cultural entity. More than half of the awardees are located in community areas prioritized by Mayor Lightfoot's INVEST South/West neighborhood revitalization initiative. "These grants are specifically intended to help businesses meet their goals for growth while also supporting the recovery of neighborhood retail corridors with active and engaging uses," Alderman Pat Dowell, 3rd Ward said."From restaurants to retail, these projects are what Chicago needs to keep moving forward," Alderman Michael Scott Jr., 24th Ward said. "Financial support from the City will help ensure their success benefits residents in my community and others like it."  The finalists and grant amounts include:  Angel Of God Resource Center, 10810 S. Halsted St., Morgan Park, $250,000  Black Planet Products, 107 W. 95th St., Roseland, $66,748  Conscious Plates, 820 E. 63rd St., Woodlawn, $178,336  Diaz Group Office Space, 5100 S. Damen Ave., New City, $250,000  Dior Realty, 834-40 E. 87th St., Chatham, $851,150   El Nuevo Guadalajara, 4350 S. Ashland Ave., New City, $50,325  Exa MD Urgent Care, 200 E. 75th St., Greater Grand Crossing, $250,000  Fatburger, 825 E. 87th St., Chatham, $1.02 million  Floating Museum, 949 E. 75th St., Greater Grand Crossing, $250,000  Food Hero, 2412 W. Cermak Road, Lower West Side, $250,000  Gomez Tires & Wheels, 1934 W. 51st St., New City, $54,725  Ivory Dental Specialists, 8344 S. Halsted St., Auburn Gresham, $42,350  La Lena Restaurant, 3756 W. North Ave., Humboldt Park, $243,375  Leavitt Laundry, 2145 W. Cermak Road, Lower West Side, $67,224  Nonie And Belle's Coffee Shop, 1906 E. 87th St., Avalon Park, $206,065  Nova Driving School, 5550 W. Fullerton Ave., Belmont Cragin $225,000  Osito's Tap, 2553 S. Ridgeway Ave., South Lawndale, $141,471  Plant Chicago, 4459 S. Marshfield Ave., New City $575,000   Plates On Purpose, 3008 E. 92nd St., South Chicago $250,000  Policy Kings, 353-63 E. 51st St., Grand Boulevard, $2.23 million  POTLUC, 6004 W. North Ave., Austin, $250,000  Record Track, 2804 E. 87th St., South Chicago, $250,000  Renew Lawndale, 3140 W. Ogden Ave., North Lawndale, $2.58 million  Roots Southern Cuisine, 633 E. 75th St., Greater Grand Crossing, $120,000  Slab Bar-B-Que, 1922 E. 71st St., South Shore, $248,182  Soul City Chicago, 5713 W. Chicago Ave., Austin, $2.5 million  Taqueria Los Alamos, 2416 W. Cermak Road, Lower West Side, $250,000  The Beauty Experience, 1511 W. 79th St., Auburn Gresham, $250,000  Third City Café, 5534 W. North Ave., Austin, $247,500.00  Ujamaa Cooperative, 1914 E. 79th St., South Shore, $250,000  Unique Dollarz, 11115 S. Michigan Ave., Roseland, $24,090  The grants are being allocated through the City's Neighborhood Opportunity Fund (NOF) and other Chicago Recovery Plan funding sources. Administered by the Department of Planning and Development (DPD), the NOF program allocates voluntary fees paid by downtown construction projects to foster economic development along key West, Southwest and South side commercial corridors. Created in 2016, the program has selected more than 275 grant projects to date. Grant amounts for selected projects are subject to change as plans are finalized, and potential bonuses for local hiring and other factors are determined.  Recipients of grants of $250,000 or less will have access to pre-qualified design, subcontracting and financing specialists that help with business plans and work scopes. For grants more than $250,000, a new application process enables streamlined access to multiple City funding sources.  Mayor Lightfoot's Chicago Recovery Plan is an ambitious $1.2 billion strategy for equitable economic recovery from the COVID-19 pandemic that supports thriving and safe communities.   "The Chicago Recovery Plan provides access to the Neighborhood Opportunity Fund and other funding programs, resulting in a more efficient review process involving City support for private neighborhood investments," DPD Commissioner Maurice Cox said.